ncy by increasing the link between contributions and benefits, and administrative costs should be minimized. As has been pointed out, the economic benefits of privatization of Social Security are potentially enormous. Privatizing part of the system, however, could hurt the current retirees. In privatizing part of the system, no one should be forced into a system of personal retirement accounts. People who do not work to pay for the current retirees should not be able to receive Social Security benefits when they retire. Privatizing the part of the system would only work if the reforms are determined and announced as soon as possible. To rid the American economy of financial security is to endanger the current and future lifestyles of millions of retirees. It is unacceptable to disregard a problem of this magnitude. By privatizing Social Security would give many advantages to the American people participating in this system, while encouraging involvement of those non-participants. If any resolve is to be made it must be acted upon quickly so that retired people can continue a life undeterred by a few errors made in the American Financial System. ...
